(CercleFinance.com) – The Paris stock market ended the day with a moderate decline of 0.24%, to 7,541 points, penalized by Teleperformance (-2.7%), Eurofins Scientific (-2%) and URW (- 1.7%).
Eagerly awaited, the figures concerning inflation in the United States, published at 2:30 p.m., ultimately had no effect on the markets.
Concretely, the consumer price index in the United States increased by 2.4% in September 2024 compared to the same month of 2023, reports the US Department of Labor.
Although this is the lowest rate since February 2021, it nevertheless exceeds Jefferies’ estimate by 0.1 points. Same dynamic for the ‘core’ (excluding energy at -6.8% and food products at +2.3%), with an annual inflation rate of 3.3% last month, a level also higher than 0 .1 point to Jefferies’ anticipation.
Sequentially, that is to say between the months of August and September 2024, consumer prices in the United States increased again by 0.2% in raw data, and by 0.3% excluding energy and food products.
‘The calculation of the CPI gives exaggerated weight to the price of housing services, including fictitious rents charged to owners. Without this, inflation would already be below 2%’, noted Oddo BHF at the start of the week.
For its part, the Department of Labor announced that it had recorded 258,000 new registrations for unemployment benefits in the United States during the week of September 30, a figure up 33,000 compared to the previous week.
‘As for inflation, the Federal Reserve said it was more confident in progress towards its 2% annual target, although it remains above the desired level,’ says Quasar Elizundia, expert at Pepperstone .
The US bond market continues to deteriorate with +5 points on the ’10 year’ at 4.01% while in Europe, Bunds add +1 point to 2.26%, and OATs +1.2 points to 3.04 %.
In London, the barrel of crude appreciated by 1.7%, towards $78 while the euro remained stable against the greenback, around $1.09/E.
In stock news in Paris, Airbus indicates having made 50 deliveries to 29 customers in September, bringing the total since the start of the year to 497 deliveries, and garnered 235 gross orders last month.
Scor announces that it has entered into exclusive negotiations with Huyghens de Participations, the holding company of the Albin Michel group, for the sale of its stake in the capital of Humensis, the ninth general and educational publishing group in France.
Getlink indicates that its shuttle services transported 200,353 passenger vehicles and 96,570 trucks in September, traffic respectively down 5% and up 1% year-on-year.
